Company incorporation

Forming an SAS

You want to launch a venture with an agile structure, quick to set up, and with flexible management and capital rules.

In one line

The SAS is governed by Law 27,349, not by the general regime of Law 19,550 applicable to the SA or the SRL; it is an autonomous corporate form with its own dynamics.

First steps

Define the shareholders, their interests and the type of contributions
Choose a company name and check its availability
Draft the corporate purpose and the management rules
Determine the capital and how it will be paid up
Appoint administrators and a legal representative

What the SAS is and who it suits

The Simplified Stock Corporation (SAS) was created by Law 27,349 as a vehicle designed to streamline corporate life. It can be formed by one or several individuals or legal entities, with a flexible bylaw structure and governance bodies adaptable to the size of the project.

It is a common option for startups, projects with investors and family structures seeking simplicity. It allows management rules, remote meetings and capital contributions to be agreed on terms that other corporate forms do not offer with the same breadth.

Capital, contributions and liability

Capital is divided into shares and shareholders limit their liability to the payment of the shares they subscribe. Law 27,349 allows contributions in cash and in kind, with payment rules that we define according to the project.

We draft bylaws that anticipate growth: classes of shares, majorities, the management regime, and provisions on the transfer of interests to avoid future conflicts.

Common mistakes

Copying generic bylaws that do not reflect the actual agreement between shareholders
Defining a corporate purpose that is too narrow for the projected business
Failing to provide for exit clauses or share transfer clauses
Confusing the SAS regime with that of the SA under Law 19,550

Frequently asked questions

How many shareholders are needed for an SAS?

It can be formed by even a single individual or legal entity, or by several shareholders, as provided by Law 27,349.

Is the SAS suitable for bringing in investors?

Yes; its flexibility to create classes of shares and agree on majorities makes it suitable for investment rounds and agreements with third parties.

Can I later convert to another corporate form?

Yes; the company can be converted into an SA or an SRL when the project requires it, through the corresponding procedure.

This page is informational and does not replace professional advice on your specific case. It does not imply any promise of results.

Form your SAS with tailored bylaws

We analyze your project and design the most suitable corporate structure. Write to us to schedule a consultation.

Ask via WhatsApp